Chase Business Checking Review 2024 (2024)

Personal Finance Banking Checking Account

Written by Sophia Acevedo, CEPF; edited by Laura Grace Tarpley; reviewed by Evelyn He

2024-01-05T03:19:17Z

Chase Business Complete Checking Review
Pros and Cons
How Chase Business Complete Checking Compares
FAQs
Why You Should Trust Us

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Chase Business Complete Checking could be worthwhile if you're a small business owner who wants to open an account with one of the best national banks. This business checking account is also a solid option if you're a new customer who qualifies for a cash bonus. Other financial institutions will probably be more suitable if you prefer opening a free business checking account, though.

Chase Business Complete Checking

Start banking

On Chase's site. JPMorgan Chase Bank, FDIC Insured

Insider’s Rating

3/5

Perks

Earn a $300 bonus after completing qualifying activities including total deposits of at least $2,000 (offer expires 7/21/2024)

Fees

$15 monthly service fee

Annual Percentage Yield (APY)

None

Minimum Opening Deposit

Bonus

To earn a $300 bonus, deposit at least $2,000 of new money within 30 days of opening the account, maintain your new money balance in the account for at least 60 days after opening the account, and complete five qualifying transactions within the first 90 day (offer expires 7/21/2024)

$300

Pros

No minimum opening deposit
Unlimited monthly debit card transactions
20 free transactions made with checks or a bank teller each month
Possible to waive the monthly service fee
Large free ATM network

Cons

$15 monthly service fee
Fee for using out-of-network ATMs
After the 20-transaction limit, you'll pay $0.40 per transaction with a bank teller and for checks

Insider’s Take

Product Details

Around 4,700 branches in 48 US states and Washington, DC
Access to 16,000 free ATMs
Deposit $5,000 in cash for free per statement cycle
Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink Business credit card.
Helping you save money. Multiple ways to waive $15 service fee and unlimited digital transactions helps you keep more of your money.
Member FDIC

Show Pros, Cons, and More

Chase Business Checking Review

You might like the Chase Business Complete Checking if you're eligible to waive the $15 monthly service fee.

The monthly service fee can be waived if you meet one of the following requirements: maintain a $2,000 daily balance, make $2,000 in net purchases with a Chase Ink Business Card, receive $2,000 in deposits from Chase QuickAccept or other eligible Chase payment solution transactions, link to a Chase Private Client account, or provide proof of military status.

Chase Business Complete Checking also offers a $300 bonus to new Chase small business checking account customers. You may qualify for the bonus if you deposit $2,000 or more in new money within the first 30 days of opening an account, maintain your new balance in the account for 60 days after enrolling, and make five qualifying transactions within 90 days after enrolling.

If you can't meet the requirements to waive the monthly service fee, other financial institutions will likely be more appealing. The best free business checking accounts do not charge any monthly service fees or have minimum balance requirements.

Chase Business Checking: Pros and Cons

Pros	Cons
Access to 4,700 branches and 15,000 free ATMs throughout the United States Earn a $300 bonus after completing qualifying activities (offer expires 7/21/2024) Multiple ways to waive the monthly service fee 20 free transactions made with checks or a bank teller per month Deposit $5,000 in cash per statement cycle at no cost	$15 monthly service fee $3 fee for non-Chase ATMs After the 20-transaction limit, there's a $0.40 fee for each transaction made with checks or a bank teller

Compare Additional Chase Business Checking Accounts

Chase Business Complete Checking vs. Chase Performance Business Checking

Chase Business Complete Checking is geared toward small businesses, while Chase Performance Business Checking is for mid-sized businesses.

Chase Performance Business Checking might be a better choice than Business Complete Checking if you are looking for higher limits for cash deposits or non-electronic deposits. Chase Performance Business Checking lets you deposit $20,000 in cash per month at no cost. You may also make up to 250 free non-electronic deposits per month. A $0.40 transaction fee still applies to each transaction that surpasses the free limit.

However, you'll have to be mindful of monthly service fees on both business checking accounts. Chase Business Complete Checking has a $15 monthly service fee that can be waived in multiple ways. Chase Performance Business Checking has a $30 monthly service fee that can only be waived if you maintain a combined average daily balance of $35,000 across qualifying business bank accounts.

Chase Business Complete Checking vs. Chase Platinum Business Checking

Chase Platinum Business Checking is the strongest business checking option at Chase if your business has a high transaction volume. Chase Platinum Business Checking permits 500 free non-electronic deposits per month. You can also notably deposit $25,000 in cash per month at no cost.

However, you will likely lean more toward Chase Business Complete Checking if you do not regularly maintain high daily balances on business bank accounts. Chase Platinum Business Checking has a significant $95 monthly service fee that can be waived if you maintain a combined average daily balance of at least $100,000 across qualifying business bank accounts and business investment balances, or maintain a combined average daily balance of $50,000 and link a Chase Private Client account.

Chase Business Complete Checking FAQS

What is the Chase Business Complete Checking Account?

The Chase Business Complete Checking Account is the standard small business checking account from Chase Bank. Chase has three primary business checking accounts, and the Business Complete Checking Account has the lowest monthly service fee. Monthly service fees can also be waived.

What is the minimum balance for a Chase business checking account?

Chase Business Complete Checking has a $0 minimum opening deposit. If you'd like to waive the $15 monthly service fee, one way to waive the fee is to maintain a $2,000 daily balance. The business checking account offers other ways to waive the monthly service fee, too.

Is Chase good for a business account?

Chase may be a good option for a business account if you prioritize banking with a brick-and-mortar financial institution that has a large branch and ATM network. You also might like Chase if you're interested in some of the bank's other business products. For example, Chase offers one of the best small business credit cards.

Can you open a Chase business bank account online?

You can open a Chase business bank account online if your business is a sole proprietorship, corporation, or limited liability company managed by a single person. If you have another type of business, you must apply for a business bank account at a branch.

How much does Chase charge for business accounts?

Chase has three primary business checking accounts: Chase Business Complete Checking, Chase Performance Business Checking, and Chase Platinum Business Checking. Chase Business Complete Checking has a $15 monthly service fee, Chase Performance Business Checking has a $30 monthly fee, and Chase Platinum Business Checking has a $95 monthly fee. All Chase business checking accounts allow you to waive the monthly service fee if you meet certain requirements each month.

Why You Should Trust Us: How We Reviewed Chase Business Complete Checking

At Personal Finance Insider, we use a scale from zero to five stars to rate bank products. We used our bank account methodology for business checking accounts to review Chase Business Complete Checking. We analyzed minimum opening deposit requirements, monthly fees, transaction limits, ATM network/fees, customer support availability, mobile app ratings, and Chase's ethics to determine our star rating for the business checking account.

Sophia Acevedo, CEPF

Banking Editor

Sophia Acevedo is a banking editor at Business Insider. She edits and writes bank reviews, banking guides, and banking and savings articles for the Personal Finance Insider team. She is also a Certified Educator in Personal Finance (CEPF).Sophia joined Business Insider in July 2021. Sophia is an alumna of California State University Fullerton, where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>Below are links to some of her most popular stories: